Consumption, Production, Trends, Forecasts – IndexBox

IndexBox, Inc.

Companies mentioned in the report: Pastili, HoneyTree Inc., United Honey Company, Wings Impex, Rochak Agro Food Products Private Limited, Darktaste Trading Private Limited, Good Health Food, Hangzhou Tienchu ​​Miyuan Health Food Co., Henan Zhuoyu Bees Industry Co. ., Hubei Yangzijiang Apiculture Co., Yimin Beeproduct Co., Walker Honey Farm, Pure Sweet Honey Farms Inc, Blue Ridge Honey Company, Ashurst American Honey, Johnston Honey, Barkman Honey, Kallas Honey Farm, Peroni Honey, Dobriye Traditsii, Vito- House

NEW YORK, March 24, 2022 (GLOBE NEWSWIRE) — IndexBox has released a new report: ‘Global – Honey – Market analysis, forecasts, size, trends and prospects’. Here is a summary of the main findings of the report.

Honey market statistics

Imports

$2,612.4 million

Exports

$2,612.3 million

Main importers

United States, Germany, Japan

Main exporters

Brazil, Argentina, India

Honey market size

The global honey market was estimated at $X in 2021, up X% from the previous year. The market value has increased at an average annual rate of +X% over the period 2007 to 2021; the trend model indicated that notable fluctuations were recorded in some years. The pace of growth was the fastest in 2008 with an increase of X% compared to the previous year. Global consumption peaked at $X in 2018; thereafter it flattened out to 2021. REQUEST FREE DATA

Honey production

In terms of value, honey production decreased slightly to $X in 2021, estimated at export prices. The total value of production has increased at an average annual rate of +X% from 2007 to 2021; the trend model indicated that notable fluctuations were recorded in some years. The highest growth rate was recorded in 2008, when the production volume increased by 100% year-on-year. Over the period under review, world production reached a record level of $X in 2018; however, from 2019 to 2021, production remained at a lower figure. REQUEST FREE DATA

Production by country

China (X tons) remains the largest honey producing country in the world, comprising approx. X% of total volume. Moreover, the production of honey in China exceeded by four the figures recorded by the second producer, Turkey (X tons). Ukraine (X tonnes) ranked third in terms of total production with a share of X%. REQUEST FREE DATA

From 2007 to 2021, the average annual volume growth rate in China is +X%. The other producing countries recorded the following average annual production growth rates: Turkey (+X% per year) and Ukraine (+X% per year).

Honey exports

Exports

In 2021, overseas shipments of honey increased by 2% to 2000 tons, up for the second year in a row after two years of decline. Over the period under review, total exports have shown sustained expansion from 2007 to 2021: their volume has increased at an average annual rate of +X% over the past fourteen years. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% compared to 2019 indices. The pace of growth appeared fastest in 2020 when exports increased by X% year-on-year. During the review period, global exports peaked in 2021 and are expected to grow steadily in the near future.

In terms of value, honey exports increased remarkably to reach $X in 2021. In general, total exports indicated a significant expansion from 2007 to 2021: its value increased at an average annual rate of +X% over the past fourteen year period. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% compared to 2019 indices. The highest growth rate was recorded in 2008 with an increase of X% compared to the previous year. During the review period, global exports reached record levels in 2021 and are expected to maintain their growth in the coming years.

Exports by country

China (X tons) and Brazil (X tons) were the top honey exporters in 2021, recording almost X% and X% of total exports respectively. India (X tons) occupied the next position in the ranking, followed by Argentina (X tons), Ukraine (X tons) and Viet Nam (X tons). All these countries together held approx. X% share of total exports. The following exporters – Spain (X tons), Germany (X tons), Mexico (X tons), Belgium (X tons), Poland (X tons), Hungary (X tons) and Uruguay (X tons) – together formed X % of total exports.

From 2007 to 2021, the most notable growth rate in terms of shipments, among the main exporting countries, was achieved by Poland, while the exports of the other world leaders experienced more modest growth rates.

In terms of value, the top honey supplier countries in the world were Brazil ($X), Argentina ($X) and India ($X), with a combined share of X% of global exports. Germany, China, Spain, Ukraine, Mexico, Hungary, Belgium, Viet Nam, Poland and Uruguay lagged behind, together accounting for X, recorded the fastest growth rate. higher in the value of exports, in terms of the main exporting countries during the period. period under review, while shipments from other world leaders experienced more modest growth rates.

Export prices by country

The average export price of honey stood at $X per ton in 2021, with an increase of X% compared to the previous year. Over the period 2007 to 2021, it increased at an average annual rate of +X%. The largest growth rate was recorded in 2008, when the average export price increased by X% year-on-year. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021 export prices remained at a lower level.

There were significant differences in average prices between major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while China ($X per ton) was among the lowest.

From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Mexico, while the other world leaders experienced more modest growth rates.

Honey imports

Imports

In 2021, overseas honey purchases increased by 2% to 2000 tons, up for the second year in a row after two years of decline. Over the period under review, total imports have shown a significant increase from 2007 to 2021: their volume has increased at an average annual rate of +X% over the past fourteen years. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% compared to 2019 indices. The pace of growth appeared fastest in 2020, when imports increased by X% year-on-year. Global imports peaked in 2021 and are expected to continue growing in the near future.

In terms of value, honey imports notably increased to reach $X in 2021. Overall, total imports indicated a resilient expansion from 2007 to 2021: its value grew at an average annual rate of +X% over the past fourteen years. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% compared to 2019 indices. The pace of growth was fastest in 2008 when imports increased by X% year-on-year. During the review period, global imports hit the record high in 2021 and are expected to grow steadily in the near future.

Imports by country

In 2021, the United States (X tonnes) was the main importer of honey, accounting for X% of total imports. Germany (X tonnes) had a share of X% (based on tonnes) of total imports, which placed it in second position, followed by Japan (X%), the United Kingdom (X%), Poland (X%) and Spain (X%). The following importers – Belgium (X tons), France (X tons), Italy (X tons), Saudi Arabia (X tons) and the Netherlands (X tons) – together accounted for X% of total imports.

Imports to the United States grew at an average annual rate of +X% from 2007 to 2021. At the same time, Poland (+X%), Belgium (+X%), Spain (+X% ), Italy (+X%), Saudi Arabia (+X%), the Netherlands (+X%), the United Kingdom (+X%), Japan (+X%) and France (+X%) posted positive growth rates. Additionally, Poland has become the fastest growing import importer in the world, with a CAGR of +X% from 2007 to 2021. Germany has seen a relatively flat trend. While the share of Poland (+X pp), USA (+X pp), Belgium (+X pp) and Spain (+X pp) increased significantly in terms of world imports from 2007 to 2021, the share of France (-X pp), Japan (-X pp) and Germany (-X pp) showed negative dynamics. The shares of the other countries remained relatively stable throughout the period analysed.

In terms of value, the United States ($X) is the largest market for imported honey in the world, accounting for X% of global imports. The second position in the ranking was occupied by Germany ($X), with a share of X% of world imports. It was followed by Japan, with a share of X%.

From 2007 to 2021, the average annual growth rate of value in the United States was +X%. The other importing countries recorded the following average annual import growth rates: Germany (+X% per year) and Japan (+X% per year).

Import prices by country

In 2021, the average import price of honey was $X per ton, up X% from the previous year. Over the past fourteen years, it has increased at an average annual rate of +X%. The highest growth rate was recorded in 2008 with an increase of X% year-on-year. The global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices have settled at a slightly lower level.

Prices varied significantly depending on the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while Spain ($X per ton) was among the lowest.

From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Japan, while the other world leaders experienced more modest growth rates.

About IndexBox

IndexBox is a market research company developing an AI-powered market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade and prices for over 10,000 different products in 200 countries.

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Product coverage

Natural honey.

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